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KP2 at 72 cents is trading at a massive discount to peers like Foskor on a potash resource basis, but the project capex and execution risk keep it in the penalty box. If they ever get financing sorted, the leverage to potash prices could be brutal upside, yet right now you're ess
KP2 is a speculative play on potash demand recovery, but the fundamentals remain messy with execution risk on their Senegal project still a live issue. If they can actually get production flowing and potash prices stabilize above current levels, there's potential, but I'm not cha
KP2 up 9% today to 72c, finally getting some heat after languishing. Compare that to Assore's steady dividend yield and you can see why potash juniors stay under the radar, but if the project timeline tightens up this could be a different story.
KP2 taking another knock today at R0.66, but the longer thesis hinges on potash demand recovery and their Sintoukola project progressing. Fertilizer cycle dynamics remain brutally cyclical, so patience is the price of admission here rather than quick gains.
Congo potash play still cheap at 68c when you look at where the resource sits and what fertilizer spot prices are doing. Project risk is real but if they pull the permit and get to production, big dogs dont cook they eat. ngl the rand weakness helps too.
been reading up on kore's congo project, potash demand looking decent
Took a small starter position in KP2 at 0.65 cents on the dip, figure the potash story hasn't fundamentally broken but this valuation compression gives better entry point than chasing it higher.
been reading the latest sens filings on kp2, potash fundamentals still solid
Congo asset still sitting there doing nothing while potash prices recovered. R0.67 values this like a shell company, which maybe it is at this point. When's the actual capex moving, or we just waiting for the next equity raise to dilute us again.
Sintoukola is actually world class ore, the potash story hasn't gone away just delayed by financing. If they unlock Congo development costs drop massive vs competitors, that's the real upside here not the near term noise.
Potash prices are climbing again and kp2 sitting at r0.67 is a gift honestly. Sintoukola is a proper asset once they get it going, not some pie in the sky exploration play. At these levels youre getting in ahead of any capex updates, good day to top up.
Look at Pilbara Minerals when it was pre-revenue, trading pennies, getting hammered by bears saying potash would never work. We're sitting at R0.64 with a world-class asset in Congo and a path to production that actually makes sense. The market's just not pricing in what happens when we flip the switch. Can't fix stupid but the patient money will see this differently in 24 months.
Sintoukola still looks years away from cash flow. Do you think the rand weakness actually helps here, makes the project cheaper to build, or does it just mean our holding gets hammered when sentiment turns. Not sure about this one at R0.64.
KP2 sitting at R0.64 is honestly a steal if Congo project ever moves. Potash plays are dead money until FID but the resource itself is solid, ngl. Been holding since way higher, all red obviously, but Sintoukola's got legs when the fertilizer cycle turns.
Congo project still got legs but man, potash prices been blerrie awful. At R0.64 the market is basically saying they don't believe in the timeline anymore, which fair enough given how long this development has dragged. If they can actually get Sintoukola into production before the next commodity cycle swings, could be massive upside, but that's a big if.
KP2 taking another knock at 0.64, down 3% today. the potash story remains compelling longer term but these near-term seller waves suggest the market's still pricing in execution risk on the sylvinite project.
congo project still years away from cash, potash spot prices weak. at R0.64 you're basically betting on debt getting sorted and capex staying under control. who's funding the next phase anyway.
Current R 0,71 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.